Editor’s note: This excerpt highlights coverage in this month’s HW Magazine. Subscribe now to get the full story. The house looks like a typical suburban two-story brick home. The grass is closely mowed, albeit dry and in need of a good watering. As we get out, however, the recessed front door with its plywood covering and ominous “posting” comes into view. The notice, about a structural hazard, is to the owner, Fannie Mae. It warns of an impending deadline to repair the home or risk demolition.
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Rocket delivers $291M profit amid improved margins and MSR acquisitions
The Detroit-based lender reported a GAAP net income of $291 million from January to March, its highest profit level in two years.